There are hundreds of real estate developers in Mumbai, but there are only a few who have proven track records of timely project completion and compliance with the norms as per the Real Estate (Regulation and Development) Act, 2016 (RERA).
This detailed article is going to disclose the names of the top 10 real estate developers in Mumbai 2026 with regard to firm size, project delivery, and presence in the market. This article is for property buyers or investors. Let's start this article
| S.No. | Developer | Founded in Year |
|---|---|---|
| 1 | Lodha Developers (Macrotech) | 1980 |
| 2 | Godrej Properties | 1990 |
| 3 | Oberoi Realty | 1980 |
| 4 | Hiranandani Group | 1978 |
| 5 | Rustomjee (Keystone Realtors) | 1995 |
| 6 | Rustomjee (Keystone Realtors) | 1995 |
| 7 | Rustomjee (Keystone Realtors) | 1995 |
| 8 | Rustomjee (Keystone Realtors) | 1995 |
| 9 | Rustomjee (Keystone Realtors) | 1995 |
| 10 | Rustomjee (Keystone Realtors) | 1995 |
Who is the No. 1 real estate developer in Mumbai?
Lodha Developers, formerly known as Macrotech Developers, is viewed as the biggest real estate developer firm in Mumbai based on the value of its sold properties, land ownership, and construction of residential buildings. The other companies that also appear on this list are Godrej Properties, Oberoi Realty, Hiranandani Group, and Rustomjee
The Lodha developer was founded in 1980 by Mangal Prabhat Lodha. Previously, the name of the company was Macrotech Developers; however, in 2025, it changed its name to Lodha Developers.
The company's head office is located in Mumbai and is considered one of the top real estate companies in India on the basis of sales. The most successful projects of Lodha include Lodha Park, Lodha World Towers, Lodha Altamount, Trump Tower Mumbai, and Palava, which is a mega township near Dombivli.
The company had total revenue of about ₹13,779 crore for 2025. The company constructs houses in all the segments, be it affordable homes or luxury apartments. The company has even begun constructing houses in cities such as Pune, Hyderabad, Bengaluru, and London.
After Lodha, Godrej Properties is among the top real estate developers in Mumbai. It was established in 1990 as the real estate development division of Godrej Group, which is an Indian business group established way back in 1897.
The head office is in Vikhroli, Mumbai, and it became the first real estate developer in India to have ISO certification. It is famous for its sustainable architecture and has several projects underway in almost 12 Indian cities.
Godrej Properties builds mid-level and high-end residential property projects, and its Mumbai projects include Vikhroli, Mahim, and western suburbs. There are various premium developments of Godrej Properties in Mumbai such as Godrej Reserve, Horizon, Godrej Trilogy etc.
The name of the company was formerly known as Kingston Properties until it was changed to Oberoi Realty in 2009. The firm is headed by Vikas Oberoi and specializes in providing high-end residential properties that are usually mixed with shopping malls, offices, and hotels within the same locality.
The projects are mainly located in Mumbai, like Goregaon, Gurgaon, Worli, and Borivali. This organization deals with fewer projects in comparison with its size. They prefer developing large, self-contained projects to creating many small projects.
The Hiranandani Group was founded by Niranjan Hiranandani and Surendra Hiranandani in 1978. The Hiranandani Group is famous for developing Hiranandani Gardens, which is situated in the Powai area, making it a popular residential and commercial area.
diversified into other areas like education, healthcare, and energy. Hiranandani Group’s strong point in real estate is in developing large-scale townships rather than individual towers.
The firm Rustomjee was incorporated in the year 1995 by Boman Irani. The firm's listed subsidiary, called Keystone Realtors, had a listing through an IPO on both the BSE and the NSE in November 2022. The firm has delivered more than 20 million square feet of housing and commercial properties in Mumbai and Thane.
The firm offers products of all types ranging from economical units to luxury 5 BHK apartments. The firm is registered under MahaRERA, and the registration number of the firm can be found on the firm’s website.
Piramal Realty was established in 2012 as the real estate division of the Piramal Group and is headed by Ajay Piramal. In 2015, it received funding of about $234 million from private equity firms Warburg Pincus and Goldman Sachs. It is one of the biggest private equity investments in Indian real estate.
It has also developed many residential projects such as Piramal Aranya, Piramal Mahalaxmi, Piramal Vaikunth, and Piramal Revanta, all of which come under the premium segment.
The company was founded in 1969 and thus is among the oldest names in the city's real estate business. Apart from residential and commercial real estate businesses, Kalpataru Group is also engaged in infrastructural and engineering businesses.
It is the distinguishing factor between it and other developers who deal only in real estate. The company has both middle-class and luxury housing projects in Mumbai. Some of these include Kalpataru Radiance and Kalpataru Immensa.
Shapoorji Pallonji is the next name on the list of top real estate developers in Mumbai. This company is one of the constituents of the huge Shapoorji Pallonji Group that deals in the construction and engineering field and was established in 1865.
In Mumbai, it develops residential complexes including Shapoorji Pallonji Joyville, Shapoorji Pallonji Vicinia, and Shapoorji Pallonji BKC 28. The reason is that the main business of the group is construction and engineering. Hence, its real estate developments are always known for their construction standards.
The Sunteck Realty Group was founded in the year 2000 by Kamal Khetan. The group has expertise in developing luxurious and ultra-luxurious real estate projects. It is about 50 million square feet of properties coming from their 32 projects.
Among some of the projects is the flagship project known as Signature Island, which is located in the Bandra Kurla Complex (BKC). Another such project is the Sunteck City, which is located in the Oshiwara District Centre of Goregaon. The Sunteck World, located in Naigaon, is the biggest township in the western suburbs of MMR.
The tenth developer in the list of the top 10 developers in Mumbai is Runwal Realty. The company dates back to 1978, when Subhash Runwal launched the first Runwal Group.
In 2016, the Runwal Group was divided into two companies, namely Runwal Realty, led by Sandeep Runwal, and Runwal Enterprises, led by Subodh Runwal.
The portfolio of Runwal Realty includes over 35 developments in Mumbai, Thane, and Pune, such as Runwal Malabar, Runwal Reserve in South Mumbai, and R City Mall in the eastern part of the city. The company operates in residential, commercial, and retail property development.
Being big or small is not the key factor. All house buyers in Maharashtra should verify the following points irrespective of how big the company may be:
RERA came into effect through the Real Estate Regulation and Development Act of 2016, primarily meant to ensure that developers register their projects prior to launching them in the market and ensure buyers' payments through escrow accounts.
In summary, selecting the most suitable real estate developers in Mumbai is very important no matter whether you are buying a property or investing in it. The Lodha Group is regarded as the largest and best real estate developer in Mumbai in terms of sales.
The other major property developers in Mumbai, apart from those mentioned above, include Godrej Properties, Oberoi Realty, Hiranandani Group, Rustomjee, Piramal Realty, Kalpataru, Shapoorji Pallonji Real Estate, Sunteck Realty, and Run
All of them are renowned for developing residential properties, luxurious projects, and townships. Always ensure that the projects you are about to book are RERA approved and read the sale agreement carefully.
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